South Jersey Industries (SJI) to Release Earnings on Wednesday

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South Jersey Industries (NYSE:SJI) will be announcing its earnings results after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of ($0.05) per share for the quarter. South Jersey Industries has set its FY19 guidance at $1.05 to $1.15 EPS and its FY20 guidance at $1.53 to $1.67 EPS.Investors interested in registering for the company’s conference call can do so using this link.

South Jersey Industries (NYSE:SJI) last posted its quarterly earnings data on Wednesday, May 8th. The utilities provider reported $1.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.14. The company had revenue of $637.30 million during the quarter, compared to analysts’ expectations of $571.00 million. South Jersey Industries had a net margin of 3.40% and a return on equity of 8.66%. On average, analysts expect South Jersey Industries to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

NYSE:SJI opened at $32.04 on Tuesday. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.43 and a quick ratio of 0.41. The business’s fifty day moving average is $33.60. The firm has a market capitalization of $3.13 billion, a PE ratio of 23.22, a PEG ratio of 4.41 and a beta of 0.71. South Jersey Industries has a fifty-two week low of $26.06 and a fifty-two week high of $36.72.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Tuesday, September 10th will be given a dividend of $0.287 per share. This represents a $1.15 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date is Monday, September 9th. South Jersey Industries’s dividend payout ratio is presently 83.33%.

A number of equities analysts have weighed in on SJI shares. ValuEngine upgraded shares of South Jersey Industries from a “hold” rating to a “buy” rating in a research report on Monday, May 13th. TheStreet upgraded shares of South Jersey Industries from a “c+” rating to a “b-” rating in a research report on Tuesday, July 9th. Maxim Group restated a “buy” rating and set a $40.00 price objective on shares of South Jersey Industries in a research report on Friday. Zacks Investment Research cut shares of South Jersey Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, July 30th. Finally, JPMorgan Chase & Co. cut shares of South Jersey Industries from an “overweight” rating to a “neutral” rating and set a $32.00 price objective for the company. in a research report on Monday. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $34.57.

South Jersey Industries Company Profile

South Jersey Industries, Inc, through its subsidiaries, provides energy-related products and services. The company engages in the purchase, transmission, and sale of natural gas. It also sells natural gas and pipeline transportation capacity on a wholesale basis to residential, commercial, and industrial customers on the interstate pipeline system, as well as transports natural gas, which is purchased directly from producers or suppliers to their customers.

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Earnings History for South Jersey Industries (NYSE:SJI)

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